Palantir has raised its annual revenue forecast for the second time this year following surging demand for artificial intelligence services. The data technology giant, which works with governments and major organizations, is now facing a new wave of demand from government agencies and the private sector.
US government security policy—especially Donald Trump’s emphasis on national security—and the Pentagon’s shift in software purchases (in favor of emerging and substandard) have played an important role in Growth of the company’s activities. Palantir is now on track to become one of the mainstays of AI in security and government.